Max Resource Corp (TSXV: MXR) continues to inch closer to drilling out its Cesar copper-silver project in northern Colombia. The firm this morning revealed it has identified a total of five drill target zones.
Drill targets have been identified based on recent sampling results, with targets located within the URU mining concessions. All five targets lie within fifteen kilometres of strike on the project.
The firm this morning also released further sample assays from what it has classified as Drill Target 3, which is a high grade zone said to be 1.5 kilometres in length. Highlight values at the target are said to vary between 5.9% and 14.8% copper, while silver has assayed as high as 132 g/t.
Highlights from the latest round of assays include:
- 9.6% copper and 70 g/t silver over 1.0m x 1.0m panel
- 7.3% copper and 19 g/t silver over 2.0m by 1.0m panel
- 5.9% copper and 50 g/t silver over 2.0m by 1.0m panel
- 3.5% copper and 8 g/t silver over 0.7m chip channel
Commented on the latest development, CEO Brett Matich stated, “The Max field teams are conducting systematic and methodical rock sampling and mapping programs to further define multiple drill targets spread along 15-kilometre of strike on the URU Mining Concessions. The goal is to maximize the success of the drill programs by pinpointing high priority targets through field exploration and the proposed LiDAR survey within each of the 5 target zones.”
Max Resource Corp last traded at $0.225 on the TSX Venture.
FULL DISCLOSURE: Max Resource Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Max Resource Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
